Bridgeway Capital Management LLC Acquires 128,119 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• Bridgeway Capital Management LLC increased its stake in Helix Energy Solutions Group, Inc. by 12.8%, owning 1,126,604 shares valued at approximately $9,362,000.
• In the 1st quarter, multiple large investors raised their holdings in Helix Energy Solutions, with AQR Capital Management boosting their stake by 530.1%.
• Analysts have mixed opinions on the stock, with a target price of $9.00 set by Raymond James, while Wall Street Zen downgraded it to a "sell."

Bridgeway Capital Management LLC grew its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,126,604 shares of the oil and gas company's stock after buying an additional 128,119 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.74% of Helix Energy Solutions Group worth $9,362,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HLX. Balyasny Asset Management L.P. grew its stake in Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock valued at $23,017,000 after purchasing an additional 1,928,691 shares in the last quarter. Gate City Capital Management LLC bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $17,639,000. Encompass Capital Advisors LLC boosted its holdings in shares of Helix Energy Solutions Group by 66.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after buying an additional 1,634,764 shares during the last quarter. Nuveen LLC bought a new position in shares of Helix Energy Solutions Group in the first quarter valued at $7,378,000. Finally, SIR Capital Management L.P. increased its holdings in Helix Energy Solutions Group by 59.6% during the fourth quarter. SIR Capital Management L.P. now owns 1,706,116 shares of the oil and gas company's stock worth $15,901,000 after buying an additional 636,818 shares during the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock traded up $0.02 during trading hours on Tuesday, hitting $6.24. The company had a trading volume of 273,514 shares, compared to its average volume of 1,756,333. The firm has a 50-day moving average of $6.25 and a 200 day moving average of $6.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market cap of $916.46 million, a PE ratio of 19.45 and a beta of 1.65. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HLX. Wall Street Zen lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Raymond James Financial reaffirmed an "outperform" rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.